Friday facts: Reducing our dependence on foreign oil

February 24, 2012

Since taking office, President Obama has called for an “all-of-the-above” approach to reducing America’s dependence on foreign oil, including an increase in safe and responsible oil production here at home.

Today, America’s oil production is at its highest level in eight years:

Along with President Obama’s initiatives to reduce our consumption of fossil fuels, this increase in domestic production is moving us towards energy independence and saving American consumers at the pump.

640,000: Increase in the average number of barrels of crude oil produced per day since 2008

4 X: Factor by which the number of oil rigs operating in the United States has gone up under President Obama's administration

1.5 million: Decrease in the average number of barrels of crude oil imported per day since 2008

16: Number of years since the United States’ dependence on foreign oil was as low as it was last year

54.5 mpg: Performance equivalent that will be required for model year 2017-2025 cars and light trucks—nearly doubling the standards that were in place when President Obama took office

More than $8,000: Savings at the pump per vehicle by 2025 thanks to steps the Obama administration has taken to increase efficiency

More than $1.7 trillion: Total amount consumers will have saved at the pump by 2025 thanks to President Obama’s fuel efficiency program